Coventry offering cheaper mortgage deals

Coventry has launched a new range of fixed-rate mortgage products, including cheaper mortgage rates.

Customers taking out a three-year fix at up to 70 per cent loan-to-value LTV can now pay 4.2 per cent, as opposed to the previously advertised rate of 4.25 per cent.

A legal package for remortgagors is included, along with one valuation worth up to £650.

The society is also launching a 4.99 per cent two-year fix at 85 per cent LTV, a 4.99 per cent five-year fix at 70 per cent LTV and a ten-year fix at 5.2 per cent at 70 per cent LTV.

Colin Franklin, sales and marketing director at the Coventry, said anyone looking to purchase or remortgage "with protection against future interest rate rises" may be interested in the product range.

"Available in a variety of LTV's, we are confident that borrowers will find a mortgage within our new fixed range to meet their needs," he stated.

Last week, Yorkshire Building Society released a new two-year fixed-rate mortgage for customers with a 25 per cent deposit.

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2010-06-25 14:21:49 © Moneyextra.com